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Presstek Announces New Customer Oriented Business Units

Press release from the issuing company

HUDSON, N.H., May 14 - Presstek, Inc., a leading provider of direct digital imaging technology, today announced that as a result of its new leadership's focus on marketing and commercialization, it has realigned its Presstek organization into two customer oriented business units - Direct Imaging (DI) and computer- to-plate (CTP). The DI business unit will include all on-press DI equipment and consumables. The CTP business unit will focus on all off-press equipment and consumables. The two units will share manufacturing and engineering resources. Presstek's Lasertel subsidiary will continue to supply Presstek with its state-of-the-art laser diodes for its imaging systems. To reflect this change, the company has also realigned its senior management team. Stan Najmr will become general manager of the new DI business unit. Najmr has been Presstek's Director of DI Marketing since February 2001. David Ventola, currently Presstek's Director of Partner Relations, has been appointed general manager of the new CTP business unit. In addition, supporting both the DI and CTP business units, Steven Degon, currently Presstek's Vice President of Consumable Manufacturing will now be responsible for both consumable and equipment manufacturing. Robert Barry will become Presstek's Vice President of Engineering and Product Commercialization for both business units. Eugene Langlais, currently Presstek's Vice President of Media Research and Development will now lead the corporate research and development effort. Presstek's President and Chief Executive Officer Edward J. Marino said, "We are excited about the opportunities ahead for Presstek. I am confident that the new team will lead Presstek to a stronger position in the marketplace. The formation of these new DI and CTP business units is designed to more closely align us with our DI and CTP customers and partners. This reorganization will provide us with a business model that is expected to allow us to maximize our ability to provide our customers and partners with the best possible direct imaging solutions for the short-run color and print-on-demand markets."